FHBONX

About FHBONX

First Trust Combined Series 493: Tax Exempt Municipal Income Trust Series 2 is a unit investment trust that primarily seeks to provide investors with income exempt from federal and, in some cases, state and local income taxes. The trust achieves this objective by investing in a diversified portfolio of municipal bonds, which are issued by state and local governments or their agencies to fund public projects. These securities are selected not only for their tax-exempt income potential but also for their ability to help preserve capital. The trust distributes income on a regular basis, typically monthly, reflecting the interest collected from its underlying municipal holdings. As a regulated investment company, it is structured to pass through tax benefits directly to investors. First Trust Combined Series 493 plays a role in the market by offering a vehicle for individuals and institutions seeking a predictable stream of tax-advantaged income, as well as by supporting public sector financing through its municipal bond investments. It is particularly relevant for investors with taxable accounts who prioritize income efficiency and capital preservation within the fixed income segment.